Kazi Badam to invest $17.22m in Bepza EZ

Kazi Badam Ltd, a concern of Kazi Farms Group, will set up a factory to process cashew nut in Bepza Economic Zone inside Bangabandhu Sheikh Mujib Shilpa Nagar, Chattogram.

The company will invest $17.22 million to produce 13,050 tonnes of cashew nut kernel and cashew nut shell liquid a year, according to a press release of Bangladesh Export Processing Zones Authority (Bepza).

This would be the first agro-based industry at Bepza Economic Zone.

Ali Reza Mazid, member for investment promotion at Bepza, and Kazi Zahedul Hasan, chairman of Kazi Badam Ltd, signed a deal at Bepza Complex in Dhaka yesterday when Abul Kalam Mohammad Ziaur Rahman, Bepza executive chairman, was also present.

Around 494 Bangladeshi nationals will get employment opportunity in the factory.